Choices for un-retiring boomers
In the creative style typical of their generation, baby boomers are now reinventing retirement, with many creating micro-businesses that provide a true work life balance.
Demographer Bernard Salt calls them ‘boomer-preneurs’: baby boomers who are choosing to take on business and work opportunities that let them be their own boss, whilst still pursuing their lifestyle dreams.
Statistics also show there is a great divide in income levels among those aged 50 to 65, which is primarily because boomers didn’t have compulsory superannuation until 1992.
Rather than retire altogether, high-income boomers might choose to scale down by working part time or starting a new business.
Lower-income boomers are finding themselves in a different circumstance and many believe they will have to work longer.
Good news for all
The good news for baby boomers who might be worried about finances is that housing options are becoming increasingly attractive and affordable.
At lifestyle communities like Nature’s Edge Buderim, over 50’s can buy a spacious architecturally-designed home in the Buderim foothills for less than the area’s median house price – and keep some cash for retirement.
Those on a pension can access rental assistance to cover certain costs of living at Nature’s Edge Buderim.
Better still, when a resident decides to leave, they can sell their home, keep all the capital gain and pay zero exit fees.
A multi-million-dollar leisure centre is nearing completion, giving residents access to facilities like an indoor/outdoor swimming pool, bowling green, tennis court, auditorium, cinema, library and commercial kitchen.
Head where the wise boomers are going! Contact one of the Nature’s Edge Buderim’s lifestyle consultants on 1800 218 898 and ask for a personalised tour, including a Sneak Peek tour of the new Leisure Centre.